Ditech Holding Corp., the parent company of Reverse Mortgage Solutions, announced Wednesday it has appointed board chairman Thomas F. Marano as CEO and president of the company, effective immediately.
Marano replaces interim CEO and president Jeffrey Baker, who will continue to serve as president of RMS.
“We are pleased to appoint an executive of Tom’s caliber as Ditech Holding’s chief executive officer and president,” Daniel Beltzman, chairman of the Board’s Nominating and Corporate Governance Committee, said. “The Ditech Holding Board of Directors conducted a comprehensive search, and Tom’s expertise and more than 29 years of experience in the financial services industry distinguished him from the other candidates…We thank Jeff for serving as interim chief executive officer and president during this time of transition and are grateful that he will continue to help lead the company as president of RMS.”
Also announced in conjunction with the CEO appointment was the hiring of Ritesh Chaturbedi to the position of chief operating officer. Charurbedi brings more than 15 years of technology and digital sales experience to the role.
“Ritesh’s track record of helping businesses transform how they engage with customers through digital channels makes him an ideal choice to further enhance the strength and depth of our leadership team,” Marano said. “Specifically, his leadership experience in strategy, technology, e-commerce, operations, and customer experience will help enable Ditech Holding to continue our transformation, drive innovation, and build on our legacy as a customer-driven organization.”
Baker was appointed interim CEO in February, following the departure of former CEO Anthony Renzi from Walter Investment Management Corp. Renzi left the company shortly before it completed Chapter 11 bankruptcy proceedings and emerged under the new name of Ditech Holding Corp.
Written by Elizabeth Ecker